Cameco Stock Tumbles on Agreement to Buy Stake in Nuclear Services Company Westinghouse Electric

Uranium Miner Cameco Agrees to Buy Stake in Nuclear Services Firm, Stock Drops | Barron’s


Cameco

stock was tumbling after agreeing, along with


Brookfield Renewable Partners

to acquire Westinghouse Electric.

The companies will be forming a strategic partnership to acquire Westinghouse, the nuclear services business. Brookfield Renewable (BEP), along with its institutional partners, will own a 51% interest in Westinghouse, and uranium miner


Cameco

(CCJ) will own 49%.

Leave A Reply

Your email address will not be published.